||ORD 28 1/8P
||EPS - Basic
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Restaurant Group Share Discussion Threads
Showing 1901 to 1924 of 1925 messages
|And using a bl++dy Frankie & Benny's photo at the top of the article :-S
"Thousands of UK restaurants could go bust, accountancy firm warns"
|Restaurants in London`s West End all rammed yesterday, including Garfunkel's :-)
Best bit of business seemed to be the new Lego Shop in Leicester Square with a 200 yard queue waiting to get in.|
|Well there`s someone there :-)
Frankie & Benny's @frankienbennys 2 hours ago
It’s day two of the Treat Tree! Don’t miss out on great treats and prizes every day until 25th December on the F&B app!|
|valuehunter, in fairness to GNK the asset value of their estate is a plus.
From memory they own about 82% of the freeholds on their properties.
GNK has the flexibility to sell outlets, they are looking at net disposals
of around 50 in H2.
However the update left me cold which is why I sold, cracking recovery play
at some point imv.|
|Nope is the answer.
Is there anyone actually running the shop here ? ;-)|
|Only one blue for me today. Any chance of that update tomorrow ? ;-)|
|I'm thankful I'm in RTN with virtually no debt rather than green king with £2.2bn of net debt.|
|.....Elsewhere, investors lost their appetite for Frankie & Benny’s owner Restaurant Group. Shares tumbled 12p to 324.6p after broker N+1 Singer cut its rating to “hold” from “buy”.
Pub operator Greene King also lost 25.5p to 686p after it forecast a challenging consumer environment next year, due to the hike in the National living wage.
|In the last week..
|Not in RTN imran, keep an eye on the share price as a read on the sector
and wider UK consumer confidence, sold GNK.|
|If RTN can sustain the current 17.4p dividend , that`s a yield now of 5.4%.
I see GNK even managed to increase their interim this morning :-O|
|Essential Investor did you exit RTN or GNK?|
|Yes agree, I was out a few mins after the open on GNK, got lucky as
read the statement at just after 7.00am and thought.. FFS.
There are sector headwinds, the market is already well aware of cost inflation
pressures coupled with fragile consumer confidence, what I don't like however
is many in the sector are now sounding increasingly cautious for 2017 and beyond.
The upside is it will ultimately take capacity out as weaker operators suffer.|
|£GNK issued interim results this am. Worth a read, and they allude to several headwinds in the coming year. These are of course already in the public domain eg. NLW, apprenticeship levy, squeeze on consumer spending but worth reading IMHO.|
|Getting worse by the day. Looks like the brokers are all being guided down before the update.
N+1 Singer tyoday downgrades from 'buy' to 'hold' and cuts target from 480p to 350p|
|Talk about dial a cliche, do analysts get paid extra for those!.
Added GNK this AM, may regret that, find out Weds.
There may be some capacity coming out of this sector in 2017 if consumer
spending is crimped, however cost inflation is the main sector headwind going forward.|
|HSBC starts Restaurant Group at 'reduce', says path to recovery will be 'bumpy'
(ShareCast News) - HSBC initiated coverage of Restaurant Group at 'reduce' with a 290p price target, saying there is a gap between the current share price and the likely pace of recovery at the company.
The bank pointed out that Restaurant Group was one of the UK's most successful restaurant operators for almost a decade, but recent issues caused by pushing hard on prices, inconsistent service levels and a confused proposition have resulted in a series of profit warnings.
"Now, with a new management team in place, a recovery plan is taking shape, although the path is likely to be bumpy given that the restaurant operator has experienced a breadth of issues, along with near term cost and competitive headwinds also working against them.
"Given management's recovery plan, we expect the decline in like-for-like sales to ease over the next two years, though turning around the leisure estate will not be easy to do."
The bank - whose forecasts are 20% lower than consensus - expects full-year 2017 pre-tax profit to struggle to match 2016 due to food price inflation, the national living wage, a weaker pound and rising competition. HSBC expects LFL sales to remain negative until 2018, recovering thereafter.
"Several industry experts and consultants are even more cautious on the timeline to recovery as the competition command greater brand presence which could eat into Restaurant Group's lunch," it said.
Another kick in the cobblers today... HSBC initiating cverage of RTN this morning with 'reduce' and 290p target.|
|I've got enough in this fella bg ;-)|
|take advantage of the low price- it won't stay that way - marathon not a sprint!|
|Not a sign of an update and now -9% for the week :-S|
|I don't hold Philanderer, but I'd be surprised if the update was poor - given the decent amount of shares bought by directors in recent months.
I have £RTN on my w/list so want to buy-in, but will wait for a positive trading update.|
|Hope I`m wrong, but with that volume today and nearly -8% down for the week it`s pointing to a poor update tomorrow morning :-S|
|Well that didn`t work at all.
Starting to look really ugly and chart support looks to have gone.
1 million shares traded :-(|